Financial Bubble Quotes & Sayings

One of the first big bubbles, of course, was the huge and horrible South Sea Bubble in England. And the aftermath was interesting. Many of you probably don't remember what happened after the South Sea Bubble, which caused an enormous financial contraction, and a lot of pain. They banned publicly traded stock in England for decades. — Charlie Munger

A global financial cabal engineered a fraudulent housing and debt bubble [2008], illegally shifted vast amounts of capital out of the US; and used 'privatization' as a form of piracy - a pretext to move government assets to private investors at below-market prices and then shift private liabilities back to government at no cost to the private liability holder Clearly, there was a global financial coup d'etat underway. — Catherine Austin Fitts

THE CORRECTION, when it finally came, was not an overnight bursting of a bubble but a much more gentle letdown, a year-long leakage of value from key financial markets, a contraction too gradual to generate headlines and too predictable to seriously hurt anybody but fools and the working poor. — Jonathan Franzen

The period of financial distress is a gradual decline after the peak of a speculative bubble that precedes the final and massive panic and crash, driven by the insiders having exited but the sucker outsiders hanging on hoping for a revivial, but finally giving up in the final collapse. — Charles P. Kindleberger

You have to say that we are again in a massive financial bubble in bonds, in equities, in [other] asset prices that have gone up dramatically. — Marc Faber

It is possible that we are the only persons,> said another robot. — Ken MacLeod

In the end, both sides wanted what the Pilgrims had been looking for in 1620: a place unfettered by obligations to others. But from the moment Massasoit decided to become the Pilgrims' ally, New England belonged to no single group. For peace and for survival, others must be accommodated. The moment any of them gave up on the difficult work of living with their neighbors - and all of the compromise, frustration, and delay that inevitably entailed - they risked losing everything. It was a lesson that Bradford and Massasoit had learned over the course of more than three long decades. That it could be so quickly forgotten by their children remains a lesson for us today. — Nathaniel Philbrick

The question is not whether we should or should not regulate; it
is how much should we regulate and who the regulators should
be. We went overboard on deregulation under Reagan. Under
Bush, many people lost in the casino. Now we have the Obama
administration overreacting and overreaching with regulation that
does the exact opposite of wealth creation. If we are to have change
we can believe in, then we could start by replacing the majority
of the lawyers in regulatory agencies with actual experienced, successful
business veterans. They would have recognized the early warning
signs of many of the financial debacles created by the bubble-bust
cycle. — Ziad K. Abdelnour

There so much to learn from a single book. — Lailah Gifty Akita

In the two decades after I left, I waited for the end of Wall Street as I had known it. The outrageous bonuses, the endless parade of rogue traders, the scandal that sank Drexel Burnham, the scandal that destroyed John Gutfreund and finished off Salomon Brothers, the crisis following the collapse of my old boss John Meriwether's Long-Term Capital Management, the Internet bubble: Over and over again, the financial system was, in some narrow way, discredited. Yet the big Wall Street banks at the center of it just kept on growing, along with the sums of money that they doled out to twenty-six-year-olds to perform tasks of no obvious social utility. The rebellion by American youth against the money culture never happened. Why bother to overturn your parents' world when you can buy it and sell off the pieces? — Michael Lewis

I never learned management. I never went to business school. I'm an artist. I happened to have really clear ideas of what I thought my business should be. — Bobbi Brown

There was, of course, a global financial crisis. But our Labour predecessors left Britain exceptionally vulnerable and damaged: more personal debt than any other major economy; a dangerously inflated property bubble; and a bloated banking sector behaving as masters, not the servants of the people. — Vince Cable

Prices are going up. Unemployment continues to go up. And we have not had the necessary correction for the financial bubble created by our Federal Reserve system. — Ron Paul

He is your friend who pushes you nearer to God. — Abraham Kuyper

What I found particularly fascinating and satisfying about the Hindu tradition was its spirit of inclusiveness. In Sanatan Dharma, or what is commonly called Hinduism, I discovered the basic truths of all religions in a way that the oneness of God and religion is comprehensively understood. — Radhanath Swami

It is no exaggeration to say that since the 1980s, much of the global financial sector has become criminalised, creating an industry culture that tolerates or even encourages systematic fraud. The behaviour that caused the mortgage bubble and financial crisis of 2008 was a natural outcome and continuation of this pattern, rather than some kind of economic accident. — Charles Ferguson

Perennial truths of financial history. Sooner or later every bubble bursts. Sooner or later the bearish sellers outnumber the bullish buyers. Sooner or later greed turns to fear. — Niall Ferguson

Dodd-Frank is the most restrictive financial regulation since the Great Depression - but it won't stop another bubble. — Ziad K. Abdelnour

Throughout the '90s and early 2000s, our financial industry and governments leaned on a snake-oil mirage of wealth creation, a bubble predicated on the obvious falsehood that things could only get better. — Nick Harkaway

Consider the recent financial crisis and its link to faulty reward systems. President Bill Clinton's objective of increasing homeownership by rewarding potential home buyers and lenders is one example. The Clinton administration "went to ridiculous lengths" to increase homeownership in the United State, promoting "paper-thin down payments" and pushing lenders to give mortgage loans to unqualified buyers according to Business Week editor Peter Coy. — Max H. Bazerman

Action is always seen as the bottom rung of thespian endeavour, that's just the way it is. — Sylvester Stallone

We as central bankers need not be concerned if a collapsing financial asset bubble does not threaten to impair the real economy, its production, jobs and price stability. — Alan Greenspan

Miss Rand now tells us that what we have thought was right is really wrong. The lesson should have read: One for one and none for all. — Gore Vidal

Jealousy is just a reminder of the frustrations you have with yourself. — Chris Colfer

The other dynamic keeping the stock market up - both for technology stocks and others - is that companies are using a lot of their income for stock buybacks and to pay out higher dividends, not make new investment,. So to the extent that companies use financial engineering rather than industrial engineering to increase the price of their stock you're going to have a bubble. But it's not considered a bubble, because the government is behind it, and it hasn't burst yet. — Michael Hudson

Increasing access to federal student loans has been a bipartisan effort in Washington, one that I have supported. But it has created what many experts believe is a bubble in higher education, not unlike the housing bubble that preceded the financial crisis. — Marco Rubio

The most serious problems lie in the financial sphere, where the economy's debt overhead has grown more rapidly than the 'real' economy's ability to carry this debt ... The essence of the global financial bubble is that savings are diverted to inflate the stock market, bond market and real estate prices rather than to build new factories and employ more labor. — Michael Hudson

Too-easy credit and millions of bad loans made during the U.S. housing bubble paved the way for the financial calamity and Great Recession that followed. Today, by contrast, credit is too tight. Mortgage loans are particularly hard to get, creating a problem for the housing market and the broader economy. — Mark Zandi

Growth provides novel experiences for youth; decay the same, alas, for age. — Mason Cooley

We must dare to invent the future — Thomas Sankara

In the financial markets I find it easy to predict what will happen and very difficult to predict when it will happen. I think that things were clear during the bubble as to what would happen eventually. — Warren Buffett